Business support organisations and incubators have the capacity to impact the shape and size of economies through the growth of their clients' businesses. They can help clients transit from informal survival businesses to employment generating businesses in the main stream of an economy. In most cases, record-keeping is the key to access opportunities such as finance, premises and sub-contracting. Thus, your impact largely depends on how successfully you help your clients to conduct record-keeping, understand, use and value the information it generates.
Typical Challenges Are:
- clients do not keep records or they only partially provide receipts to a book-keeping service
- mentors and advisers rely on perceived business feedback
- organisations lack reliable data to target interventions or data analysis is expensive and cumbersome
- donors want hard facts in addition to case studies